Oceaneering International, Inc. recently announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA (MPS), has secured multiple subsea robotics contracts with Petróleo Brasileiro S.A. (Petrobras). These contracts, awarded during the second quarter of 2025 after a competitive bidding process, are valued at approximately $180 million in total revenue.
Under these agreements, Oceaneering will supply work-class remotely operated vehicle (ROV) services, specialised tooling packages, and survey support on several anchor handling and ROV support vessels engaged in Petrobras projects off the coast of Brazil. The scope of work covers a wide range of offshore activities, including inspection, maintenance, repair, and decommissioning operations. Additionally, Oceaneering will provide services related to surface and subsea positioning, FPSO hook-ups, mooring inspections, and pile installations.
Each contract is set to last for four years, with options for possible extensions. Work under the contracts is expected to begin at various times throughout the third and fourth quarters of 2025 and continue into the first quarter of 2026.
Martin McDonald, Senior Vice President of Subsea Robotics at Oceaneering, commented: “As a global leader in ROV services, we are excited to further expand our presence in Brazil. These contracts provide visibility into our backlog over the next several years, reinforcing our outlook for resilient offshore energy markets. This visibility also allows us to strategically plan and allocate resources, ensuring safe, consistent, and reliable performance. We are proud to continue our support of Petrobras’ offshore projects and contributions to the development of Brazil’s energy sector.”
Oceaneering has been operating in Brazil for nearly 30 years. Through MPS, the company runs multiple facilities including centres for ROV, survey, subsea intervention tooling, and engineered solutions, along with an Onshore Remote Operations Centre in Macaé. The company also manages an umbilical manufacturing plant located in Niterói.
This press release contains forward-looking statements concerning anticipated revenue, contract durations, commencement dates, and work scopes. These statements are based on current expectations but are subject to risks and uncertainties, such as market conditions and counterparty performance. Actual results may differ materially from those projected. For more details on risks, refer to Oceaneering’s latest filings with the Securities and Exchange Commission.
Oceaneering is a global technology company providing engineered services, products, and robotic solutions to offshore energy, defence, aerospace, and manufacturing sectors.
